1sttimer
Returning Member

State tax filing

maybe I'm not understanding how to do my taxes, but as an example, I only have income from NY lets say $100,000. My w2 says taxes paid in NY was $10,000, but when I complete the NJ return it says that I'm only credited $7,000 and I owe $3,000 to NJ. I was expecting these two state returns to cancel each other out, but for whatever reason I owe money to NJ. It's not like NJ has higher state taxes than NY...maybe they do or maybe state tax brackets are different and that's why I still owe NJ even though I don't with NY?